Black Book found the wholesale market was streaking last week. For the second week in a row, all 24 vehicle segments the firm watches declined for the week. And for the sixth consecutive week, the average change within car segments was greater than the previous week. Managing editor Ricky Beggs tried to put the developments […] [Read More]

Stemming from an assumption that more than 11,000 U.S. millennials turn age 16 every day, Ford insisted that it recognizes the importance of addressing the values and needs of the country’s youngest drivers. As a result, Ford went to Barbara Bylenga, founder of Outlaw Consulting, to learn more about the millennial mindset. The automaker said […] [Read More]

As the stock market yo-yos up and down and other economic indicators sway, prompting a revision of annual sales expectations, J.D. Power and Associates insist August new-vehicle retail sales have yet to spark a stronger recovery, but the selling pace continues to increase slowly from its low point in May. Based on real-time transaction data […] [Read More]

BSC America’s Tallahassee Auto Auction celebrated not only its 27th anniversary in late June, but also enjoyed a sale that set records across the board. The company reported it sold more vehicles than ever before in its history during its anniversary sale held in its recently expanded facility, hosting 280 dealers — also a record for […] [Read More]

The Horn of Africa is in the grips of a devastating and lingering famine and drought that has claimed an overwhelming number of lives, many of them children. And like what has been seen in many disasters — international and domestic — a helping hand has come from the auto business. To aid this region, […] [Read More]

In light of KAR Auction Services’ announcement that it is acquiring OPENLANE, both companies have issues to work through as they finalize this deal and gain regulatory approval. Among these challenges, is that OPENLANE owns Recovery Database Network and KAR owns PAR North America, both working in the recovery and repossession space. In an effort to clear up some […] [Read More]

Historically low wholesale supply and continually increasing new-car prices are pushing up values in the wholesale market, according to RVI. The company saw used values jump 1.1 percent month-over-month in July and 16.1 percent year-over-year, according to the latest RVI Market Index report. More specifically, the RVI Used Car Price Index was at 1.424 in […] [Read More]

Not being afraid of competition is one of the key tips the National Independent Automobile Dealers Association’s 2011 Quality Dealer of the Year revealed in an extended video interview. Scott Allen, owner of AutoLand in Haltom City, Texas, shared how moving his rooftop close to Fort Worth has been extremely beneficial. Allen originally started up his […] [Read More]

Including a special tribute to a pair of auction employees who died tragically, Missouri Auto Auction recently conducted the grand opening of a new reconditioning center at its operation in Columbia, Mo. Missouri AA held two special events to celebrate the expansion: a private party for the auction staff and a grand opening celebration for […] [Read More]

In anticipation of five major collector car auction houses expecting gross sales of more than $230 million, Hagerty rolled out a new complementary Web service to help collectors better understand the marketplace. Hagerty, an insurance agency for collector vehicles and host to a large network of collector car owners, explained it launched the tool, Collector […] [Read More]